I assume you've tackled the Rich Dad stuff... good for establishing the mindset of 'why' to invest. 

The first step is to tackle the problem (alleged problem at least) with the bugs. 

Just maybe now isn't the best time so prepare now to be ready to tackle the perfect deal when it pops up.

Hoping I can get some input on how other members have tackled this situation that I've been finding increasingly more difficult.Starting with some back story of the current situation:Im 22 years old. 

And tackle that honey-do list at my leisure. 

If he stays within that realm of expertise and cuts his expenses, he can start to tackle the debt.

You can then start to come up with a plan to tackle the turnaround of the unit to get it back to market ASAP. 

If it were me, I would tackle the big items first. foundation, sewer, plumbing, electrical, roof.

The average person is still terrified of tackling a transaction on their own. 

Cost of land: $300kAppx Total Cost to build: $750k Appx Re-sale value: $900kTotal Profit: $150k Major Home Renovation: Long Term Flip OR after renting for a while, tackle a major renovation(2) houses have sold on the same street in the last 6 months for $219/sf and $294/sf that were nicely renovated with 3 bedrooms (which this house has).